Asian Stocks Rise 0.3% for 4th Weekly Gain as Fed Hold Bets Lift Techs
Updated
Updated · Bloomberg · Aug 13
Asian Stocks Rise 0.3% for 4th Weekly Gain as Fed Hold Bets Lift Techs
3 articles · Updated · Bloomberg · Aug 13
Summary
MSCI’s Asia Pacific equities gauge rose 0.3%, putting the region on track for a fourth straight weekly gain as investors leaned into risk assets.
Moderating US inflation strengthened expectations that the Federal Reserve will leave rates unchanged next month, easing pressure on equities and extending the recent rebound in technology shares.
South Korea’s Kospi Index led the advance, with AI-linked heavyweights Samsung Electronics and SK Hynix pushing their gains for the week to more than 14%.
The move builds on earlier strength across Asia, where chip and AI stocks had already rallied on solid earnings and softer oil prices.